Not only will you have possibly eliminated buyers who may have been financially qualified to purchase your home at a more realistic price, should you find a buyer who is willing to pay your price, your home may not appraise sufficiently to meet it, and the deal will disintegrate.
If your home stays on the market for a considerable length of time, both real estate agents and buyers may think that there are reasons other than the high price that are preventing it's sale. Your home may well cease to have showings.
Another possible reason that your home may not be selling is that it does not show well, especially if it is somewhat older. It may need some repairs, updating, yard work, de-cluttering and cleaning. A fresh coat of paint can do wonders. Also, you might consider having a professional Stager come in for a consultation.
How is the marketing of your home? It must be effective. As many prospective buyers look for homes on the internet, having a listing agent who has an updated, user-friendly and informative website is vital in order to show off your home and get both local and out-of-town buyers to come and see it. This is in addition to having your listing posted on the Multiple Listing Service (the MLS). The photographs of your home that will go on your listing should be done by a professional photographer who specializes in photographing homes. In short, your listing agent should be actively and effectively marketing your property for the best results.
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